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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
Delayed Japan Exchange  -  01:00 2022-12-02 am EST
6055.00 JPY   +0.13%
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Silicon Valley startup SambaNova offers new AI system, triples previous system speed

09/14/2022 | 07:00am EST

Sept 14 (Reuters) - SambaNova Systems, a SoftBank-backed Silicon Valley artificial intelligence chip and systems startup, said on Wednesday it has started offering its new AI system called DataScale SN30, tripling the speed of its previous product.

The startup is one of several AI chip companies competing with Nvidia Corp which dominates the AI market. Part of SambaNova’s strategy has been to offer a powerful chip with a software platform that makes it easier for companies without AI expertise to start using AI in their business. SambaNova offers both the hardware and software as a subscription.

“For enterprises, your value's in your data. What we...are trying to do is take this very complex aspect of the problem and we're offloading that for you,” said Rodrigo Liang, SambaNova co-founder and CEO.

Gartner’s AI infrastructure analyst Chirag Dekate said Nvidia is starting to face competition from startups such as SambaNova as well as from AI offerings by Alphabet Inc's Google and Amazon.com Inc's cloud businesses.

“If you're trying to increase productivity of your data scientists, if you're trying to increase the throughput of your of your deep learning ecosystem, then a SambaNova like ecosystem suddenly starts becoming more of a serious contender,” he said.

While the subscription model could potentially put a heavy financial burden on SambaNova as it would own the hardware, the company has raised over $1 billion with its latest valuation last year at $5 billion.

Matt Eastwood IDC’s senior analyst for cloud and enterprise infrastructure said computer hardware firms are gravitating to that model to compete with the cloud.

“For the supplier like SambaNova, it just means that rather than having this lumpiness in the revenue stream quarter to quarter as deals land and come in, they can build a smoother, more predictable revenue stream that investors will find attractive,” he said. (Reporting by Jane Lanhee Lee; Editing by Lincoln Feast.)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.54% 100.44 Delayed Quote.-30.28%
AMAZON.COM, INC. -1.43% 94.13 Delayed Quote.-43.54%
NVIDIA CORPORATION -1.51% 168.76 Delayed Quote.-42.62%
SOFTBANK GROUP CORP. 0.13% 6055 Delayed Quote.11.28%
All news about SOFTBANK GROUP CORP.
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2023 6 516 B 48 151 M 48 151 M
Net income 2023 446 B 3 297 M 3 297 M
Net Debt 2023 15 131 B 112 B 112 B
P/E ratio 2023 20,6x
Yield 2023 0,73%
Capitalization 8 852 B 65 413 M 65 413 M
EV / Sales 2023 3,68x
EV / Sales 2024 3,45x
Nbr of Employees 59 721
Free-Float 62,2%
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 6 055,00 JPY
Average target price 7 426,67 JPY
Spread / Average Target 22,7%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Yutaka Matsuo Independent Outside Director
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